Harold Meyerson

The prize for the most abjectly wrong headline in American journalism this week goes, I grieve to say, to the Los Angeles Times. Atop an article analyzing how California cities are coping with horrific budget crunches—which ran one day after the working-class exurb of San Bernardino followed its fellow working-class exurb Stockton into municipal bankruptcy—the headline writer plunked the following line: “Rising costs push California cities to fiscal brink.”

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Back in the days when Michael Kinsley was the designated liberal on CNN’s “Crossfire” show, paired off against Pat Buchanan or Robert Novak, he would answer the complaints of actual liberals that he really wasn’t a liberal himself by agreeing with them. Kinsley was and still is a man of the cautious, corporate center, which means liberal on social and cultural issues and an Aspen/Jackson Hole corporate elitist on economics. Which is to say, while he’s a trenchant social critic, he hasn’t even noticed the bankruptcy of mainstream economics.

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In early 1990, as the lackluster California governorship of the lackluster George Deukmejian was running down, the two Democratic front-runners to succeed him were Attorney General John Van de Kamp and San Francisco Mayor Dianne Feinstein—in that order. Then, at the state’s annual Democratic Party convention—a body with no nominating power (that was to be decided in a subsequent primary) but nonetheless a yearly gathering for liberal activists—Feinstein included in her speech a ringing, if otherwise gratuitous, endorsement of the death penalty. Predictably, the delegates booed her. Just as predictably, her standing in the polls quickly shot past Van de Kamp’s and she went on to win the Democratic primary (though she lost the general election to Republican Pete Wilson).

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Over the past several decades, at any number of public events I’ve attended, I never had trouble knowing when Joyce Miller was in the house. “Harold!” she would boom, her voice a friendly foghorn across a crowded room.

Over the decades, she’d needed that voice to make herself—and the cause of women workers—heard. A founder and, later, the president of the Coalition of Labor Union Women, Joyce was a longtime official of the Amalgamated Clothing Workers, a heavily female union headed by invariably male leaders who eventually made room for very talented secondary-level women leaders such as Joyce. In 1980, even the AFL-CIO executive council made room for Joyce, when she was elected to become its first female member.

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What good are shareholders? Not much, say Jay Lorsch, a Harvard Business School professor, and Justin Fox, the editorial director of the Harvard Business Review, in whose current issue they outline the shortcomings and tally the surprisingly few benefits of shareholder capitalism.

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When more than a million metro-area Washingtonians lost their power in last Friday’s superheated near-hurricane, and hundreds of thousands of them went three, four, or five sweltering days before it came back on, was Pepco—the local power company—to blame? How about Dominion Virginia Power? Would a municipally owned company have done a better job?

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